Metaplanet Pushes Bitcoin Holdings Over $2 Billion With New Purchase

Metaplanet has added to its Bitcoin treasury once again buying 1,009 BTC in a fresh transaction worth approximately $112 ￰0￱ doing so the Japanese investment house now holds 20,000 BTC worth over $2 billion at current ￰1￱ Buying Over Recent Months Reports indicate that Metaplanet has been accumulating Bitcoin at a quick ￰2￱ August alone the company acquired several high-profile deals: 463 BTC for $53.7 million

followed by 518 BTC for $61.4 million and then another 775 BTC as part of one massive deal worth $93 ￰3￱ latest 1,009 BTC purchase lifted its total holdings beyond the 18,888 BTC it previously ￰4￱ company has set its year-end target at 30,000 BTC raising its goal after surpassing 10,000 Bitcoin earlier in the ￰5￱ support this Metaplanet has turned to international markets

securing $837 million in share ￰6￱ of that capital has been earmarked for new Bitcoin buys scheduled for September and ￰7￱ Trump’s Role In The Strategy Metaplanet’s efforts are not only financial but also strategic on a global ￰8￱ Trump the second son of US President Donald Trump was appointed as a strategic adviser to the board in March ￰9￱ say he is expected to attend a shareholder meeting in Tokyo where the firm will vote on new fundraising ￰10￱ agenda for the meeting includes potential approval for issuing up to 555 million preferred ￰11￱ approved

the sale could bring in as much as 555 billion yen or around $3.7 billion to fuel more Bitcoin ￰12￱ company had already announced plans last week to raise 130.3 billion yen ($880 million) through an overseas share ￰13￱ Performance And Market Position Despite hitting a milestone Metaplanet’s stock slipped by 4.5% on the same day as the announcement

according to Google Finance ￰14￱ so the stock remains up 135% since the start of the year suggesting that many investors still support the company’s ￰15￱ its current holdings Metaplanet has now become the sixth-largest public Bitcoin treasury worldwide

passing Riot ￰16￱ a handful of corporations hold more including Strategy and Marathon ￰17￱ firm also reported a 31% Bitcoin yield from July to September ￰18￱ measure reflects the percentage change in the ratio of Bitcoin holdings to fully diluted common shares and it has been highlighted as a key performance indicator for the ￰19￱ image from Unsplash chart from TradingView